Nse Bse Tips, CLSA's Balanco sees Nifty touching 11,500, driven by Nifty Bank

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The Nifty has traced out an impressive long-term uptrend and could even reach the 11,500 level, said Laurence Balanco, Global Technical Analyst at brokerage firm CLSA. Speaking to CNBC-TV18, Blanco said this breakout would be driven by the Nifty Bank. He did not give a timeline for the record highs but said the bull run would continue at least till July and said that CLSA had set a target of 10,350 for the index once new highs are achieved. On February 23, the Nifty hit a fresh 52-week high of 8970.05 for the first time since September 2016 and closed just short of the 8,900 mark on Friday. It last crossed the 9,000 mark in March 2015.